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Giant Interactive Picks Up New Russian Game

Giant Interactive (NYSE: GA) announced that it has signed an exclusive agreement with Mail.Ru, an internet portal and online game publisher in Russia, to operate Allods Online, a free-to-play massively multiplayer online role playing game ("MMORPG") developed by Astrum Nival, a studio owned by Mail.Ru, in mainland China.

Free-To-Play "Free Realms" Signs Up 8 Million Players

Sony Online Entertainment LLC (SOE) said that more than eight million unique users have registered to play Free Realms the free-to-play, family-friendly online video game. Free Realms players can also pop into select retailers to purchase Station Cash cards, which can be redeemed for Station Cash, and used to buy virtual goodies or upgrade to a Membership status in the game.

EA's Revenues Decline, Narrows Loss

Electronic Arts announced preliminary results for its third quarter ended December 31, 2009. GAAP net revenue for the quarter, which includes the impact of deferred net revenue adjustments, was $1.243 billion compared with $1.654 billion for the prior year. GAAP net loss for the quarter, including the impact of deferred net revenue, was $82 million compared with a net loss of $641 million for the prior year.